Brian T. Moynihan - Jan 15, 2023 Form 4 Insider Report for BANK OF AMERICA CORP /DE/ (BAC)

Role
Chairman and CEO, Director
Signature
Brian T. Moynihan / Michael P. Lapp POA
Stock symbol
BAC
Transactions as of
Jan 15, 2023
Transactions value $
-$558,466
Form type
4
Date filed
1/18/2023, 03:04 PM
Previous filing
Dec 19, 2022
Next filing
Feb 15, 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BAC Common Stock Options Exercise +15.9K +0.76% 2.09M Jan 15, 2023 Direct F1
transaction BAC Common Stock Disposed to Issuer -$558K -15.9K -0.76% $35.23 2.07M Jan 15, 2023 Direct
holding BAC Common Stock 3.33K Jan 15, 2023 401(k) Plan F2
holding BAC Common Stock 100K Jan 15, 2023 By Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BAC 2022 Cash Settled Restricted Stock Units Options Exercise -15.9K -50% 15.9K Jan 15, 2023 Common Stock 15.9K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each unit is the economic equivalent of one share of Bank of America Corporation common stock.
F2 The share equivalents attributed to the reporting person's 401(k) balance increased 10.968 shares due to dividend reinvestments and changes in the Net Asset Value of the issuer's stock fund.
F3 On February 15, 2022, the reporting person was granted units, vesting and payable solely in cash as follows: 1/12th of the stock units vest and become payable on the 15th day of each month during the 12-month period beginning in March 2022 and ending in February 2023.